ALL ABOUT ACCOUNTING :- 9th BLOG
A. *****ACCOUNTING***** Hi freinds 🙏., Today's discuss 4th accounting principles... So let's discuss... ★ CONSISTENCY :- The concept of accounting consistency refers to the principle that companies should use the same accounting methods to record similar transactions over time. ... Companies are not allowed to change from one method to another in a current year then back to the previous method the following year. ★ Why is consistency Important role in business :- Consistency develops routines and builds momentum. It forms habits that become almost second nature. ... Consistency is especially important in business. Restaurants, for example, must be consistent, because customers come in expecting the same good food all the time. Consistency is the key to success. Consistency leads to habits. Habits form the actions we take every day. Action leads to success. ★ Importance in accounting :- Consistency concept is important because of the need for